Panama is the
ultimate destination for a tropical getaway, with its sandy beaches, lush
rainforests, and laid-back atmosphere. But Panama is also an attractive
destination for American investors looking to put their money into the real
estate market.
If you're
thinking of buying property in Panama, then you are making a sound investment.
Panama is generating headlines as one of Latin America's most exciting property
investment destinations. Here are a few things you should know before buying
property in Panama:
1. Economic growth
Panama has been
exceptionally stable for the last two decades despite global volatility. It has
experienced continuous development since 2005 and is ranked in the top 50 of
more than 130 assessed economies in terms of new technologies by the World
Economic Forum’s Competitiveness Report.
2. Quality of life
Panama offers a
high quality of life. It was ranked as one of the best cities to live in by The
Economist magazine. The cost of living is also very reasonable, with food and
transportation costs being lower than in most North American cities. From a
great nightlife scene to outdoor activities, there is something for everyone.
3. Property values
The real estate
market in Panama has been booming in recent years, and property values are increasing
by double digits annually. This trend is expected to continue as more and more
people discover Panama as a retirement destination and investors seek to cash
in on the country's economic growth.
4. Rental demand
Thanks to its
growing economy and influx of tourists, Panama has a high demand for rental
properties. This is good news for investors, as it means that there is a ready
market for your property should you decide to rent it out.
5. Open
investment opportunities
Panama is a great
option if you're a foreign national looking to invest in property. With Law 41
granting tax incentives to establish businesses and no restrictions on
ownership, the process of buying or selling property here is straightforward.
Now that you know
a little more about investing in Panama's real
estate market, it's time to start your search for the perfect property. Go ahead
and experience the Panama difference!
